Wednesday, March 7, 2012

News and Events - 08 Mar 2012




07.03.2012 21:08:00

TRENTON, N.J. — Eight drugmakers are being sued by a consumer advocacy group that alleges their programs offering coupons that lower the cost of copayments for brand-name medicines are illegal.

Community Catalyst alleges that the couponing programs violate federal bribery laws because they’re meant to conceal information about the payments from health insurance plans.

Such coupons generally reduce patient copayments for brand-name drugs to what they would pay for a generic drug. The group says that drives up health insurance premiums and can cause patients to reach benefit caps quicker.

The companies sued are Abbott Laboratories, Amgen Inc., AstraZeneca PLC, Bristol-Myers Squibb Co., GlaxoSmithKline PLC, Merck & Co. Inc., Novartis AG and Pfizer Inc. They did not immediately respond to a request for comment.

Identical lawsuits, but with different defendants, were being filed Wednesday in federal courts in New York, Chicago, Philadelphia and Newark, N.J.

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07.03.2012 5:46:00

A U.S. unit of
Takeda Pharmaceutical Co. (4502 failed to give accurate reports to regulators about hundreds of congestive heart failure cases associated with its diabetes drug Actos, a whistle-blower claimed in a lawsuit.

The company failed to classify “non-hospitalized or non- fatal” congestive heart failure cases as serious from late 2007 to January 2010, former Takeda medical reviewer Helen Ge said in the complaint in federal court in
Boston. Takeda, like other drugmakers, is required to update the U.S.
Food and Drug Administration’s Adverse Event Reporting System.

“These events were not properly identified or reported in the FDA’s safety database,” Ge claimed in the complaint, filed in June 2010 and recently unsealed. “Takeda’s motivation to fraudulently report and under-report the serious adverse events was driven by an economic desire to falsely enhance Actos’s safety profile and to increase sales.”

The case against Takeda Pharmaceuticals North America Inc., filed by Ge on the government’s behalf, became public after the U.S. Justice Department declined to join it on Feb. 22. Twenty- four U.S. states also declined to join Ge’s complaint, said one of her attorneys, Michael L. Baum.

Generic Copies

Takeda, based in
Osaka,
Japan, said Feb. 1 that annual profit will fall 48 percent to 130 billion yen ($1.6 billion in the year ending March 31. Sales of Actos, which generated 27 percent of revenue last fiscal year, declined 19 percent in the previous nine-month period and will slump more when it faces competition from generic copies in August, Takeda said.

Jocelyn Gerst, a spokeswoman for Takeda, didn’t immediately return a call or e-mail seeking comment on the complaint.

Ge’s complaint claims that on “multiple occasions,” Takeda “improperly instructed” its medical reviewers to “change their professional opinion regarding adverse event classifications and assessments.” When she protested, “her contract was summarily terminated,” according to the complaint.

Takeda wanted to make it appear that Actos was safer than GlaxoSmithKline Plc’s Avandia diabetes drug, according to the complaint.

‘Systematic Fraud’

Ge sued under the federal
False Claims Act and similar state statutes, and seeks to recover damages on behalf of governments. She would be entitled to between 15 and 30 percent of any recovery.

“Takeda’s fraud has caused tens of thousands of false claims to be made on federal and state health care programs,” causing “hundreds of millions of dollars” in damages, according to the complaint.

In 2007, the FDA ordered Takeda and Glaxo to place its strongest warning on the labeling of their drugs about the risk of congestive heart failure, a condition that occurs when the heart doesn’t adequately pump blood.

Ge claimed that Takeda’s culture is “riddled with systematic fraud and deceit,” and that the company downplayed data suggesting a link between Actos and bladder cancer.

Baum, of Baum, Hedlund, Aristei & Goldman, said he is undeterred by the
Justice Department’s decision to not join the lawsuit after investigating. The U.S. declines to join four out of five cases filed under the False Claims Act. Companies settle the vast majority of cases when the U.S. intervenes.

“I believe that the documents we obtain in discovery will induce the government to come back in,” Baum said. “But whether they come back in or not, I believe the documents will show that the company violated the False Claims Act.”

One of Ge’s lawyers is
Michael Sullivan of The Ashcroft Group LLC. He is the former U.S. attorney in Boston.

The case is U.S. ex rel. Helen Ge v. Takeda Pharmaceutical Co., 10-cv-11043, U.S. District Court, District of
Massachusetts(Boston .

To contact the reporter on this story: David Voreacos in Newark at
dvoreacos@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at
mhytha@bloomberg.net.

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06.03.2012 15:56:28
EARLY ENTRY OF GENERIC PRIOR TO PATENT EXPIRY Gurgaon, India, March 06, 2012--Ranbaxy Laboratories Limited (Ranbaxy announced that the company has launched the generic versions of Atorvastatin tablets, 10mg, 20 mg, 40mg and 80mg in Italy and Sweden...



06.03.2012 23:35:00
Drug Approval Listing



06.03.2012 21:40:03
The proposed new drug would combine Merck’s drug Zetia, which lowers “bad” cholesterol, with the generic version of Lipitor, the statin made by Pfizer.







07.03.2012 20:30:05
The lobbying group for seniors reported an overall rise in the cost of drugs in recent years despite a decrease in the price of generic drugs.







07.03.2012 19:30:05
India’s mass production of generic versions of drugs patented elsewhere helps poor people with treatment that would otherwise be too costly, but drug companies say the knockoffs stifle innovation.







07.03.2012 17:47:59
As employee benefit budgets remain tight, employers are adopting plan design changes that reduce drug benefit coverage and improve pricing, according to the Pharmacy Benefit Management Institute.



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07.03.2012 17:47:59
Catalyst Health Solutions Inc said it will buy Walgreen Co's pharmacy benefits management unit for about $525 million in cash, a deal that might spur more consolidation before big generic drug launches that could boost the business.

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